Green Energy
NEWS ABOUT NEW FINDS OF natural gas and crude oil fields has become regular in this region this year. Every week, we are bombarded with the good news of a new oil find inn Kenya of LNG find in Tanzania.
Our neighbours such as Uganda and South Sudan have been there before. Uganda is expected to start producing 20,000 barrels per day(bpd) soon; South Sudan has just shut down its 355,000 barrels per day wells.
News in Kenya is that the crude oil potential exceeds expectations. In Tanzania reports of new finds of natural gas wells are almost a weekly thing.
We should cheer the new finds. After oil are causes for abundance elsewhere. But these news began to worry me. No I am not worried about civil strive. I am worried about Economics of fuels: Could we be fueling a fuel glut in future? But I thought I was just letting my mind run wild until I stumbled on a review of a paper by a senior fellow at Harvard University, who thinks in the same lines.
He argues that new oil finds coupled with advances in extraction technologies could pump 110 million barrels per day by 2020 just when the oilfields in East Africa are expected to come on stream. At that time production could exceed demand leading low crude prices.
Could our investment go to waste? or are our imaginations running wild?
Read the review at http://www.thenewamerican.com/economy/markets/item/11942-harvard-senior-fellow-peak-oil-is-history
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- Could Fossil Fuels Pose A Security Risk In Eastern Africa?
Guarding Crude oil Refinery in South Sudan.SOUTH SUDAN vs.SUDAN,TANZANIA vs.MALAWI, KENYA vs SOMALIA.. There is a worrying growth of boundary disputes in eastern Africa. The quarrels, given what is at stake, pose a risk of violence in the region. The...
- Earth Is An Oil-producing Machine — We're Not Running Out
From Investors: Ever since M. King Hubbert in the 1950s convinced a lot of people with his "peak oil" theory that production would collapse and we'd eventually exhaust our crude supplies, the clock has been running. And running. And it will continue...
- U.s. Seen As Biggest Oil Producer After Overtaking Saudi Arabia
From Bloomberg: The U.S. will remain the world’s biggest oil producer this year after overtaking Saudi Arabia and Russia as extraction of energy from shale rock spurs the nation’s economic recovery, Bank of America Corp. said. U.S. production of...
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There's a shocking amount of energy being found From Ace of Spades:Here's a linkfest for news about shale gas, oil from shale rock,tar sands and such. We keep finding more of it. It'd be nice if we were able to USE more of it in the US. They...
Green Energy
Fueling a fossil fuels glut?
Our neighbours such as Uganda and South Sudan have been there before. Uganda is expected to start producing 20,000 barrels per day(bpd) soon; South Sudan has just shut down its 355,000 barrels per day wells.
News in Kenya is that the crude oil potential exceeds expectations. In Tanzania reports of new finds of natural gas wells are almost a weekly thing.
We should cheer the new finds. After oil are causes for abundance elsewhere. But these news began to worry me. No I am not worried about civil strive. I am worried about Economics of fuels: Could we be fueling a fuel glut in future? But I thought I was just letting my mind run wild until I stumbled on a review of a paper by a senior fellow at Harvard University, who thinks in the same lines.
He argues that new oil finds coupled with advances in extraction technologies could pump 110 million barrels per day by 2020 just when the oilfields in East Africa are expected to come on stream. At that time production could exceed demand leading low crude prices.
Could our investment go to waste? or are our imaginations running wild?
Read the review at http://www.thenewamerican.com/economy/markets/item/11942-harvard-senior-fellow-peak-oil-is-history
- Toyota Bids For Juba-lamu Oil Pipeline
An oil pipeline: Bid in place for Africa's largest PPP projectTOYOTA TSUSHO, the investment arm of Toyota Motor Corporation of Japan, has bid for the construction of the US$3 billion, Juba-Lamu oil Pipeline. The pipeline will initially transport...
- Could Fossil Fuels Pose A Security Risk In Eastern Africa?
Guarding Crude oil Refinery in South Sudan.SOUTH SUDAN vs.SUDAN,TANZANIA vs.MALAWI, KENYA vs SOMALIA.. There is a worrying growth of boundary disputes in eastern Africa. The quarrels, given what is at stake, pose a risk of violence in the region. The...
- Earth Is An Oil-producing Machine — We're Not Running Out
From Investors: Ever since M. King Hubbert in the 1950s convinced a lot of people with his "peak oil" theory that production would collapse and we'd eventually exhaust our crude supplies, the clock has been running. And running. And it will continue...
- U.s. Seen As Biggest Oil Producer After Overtaking Saudi Arabia
From Bloomberg: The U.S. will remain the world’s biggest oil producer this year after overtaking Saudi Arabia and Russia as extraction of energy from shale rock spurs the nation’s economic recovery, Bank of America Corp. said. U.S. production of...
-
There's a shocking amount of energy being found From Ace of Spades:Here's a linkfest for news about shale gas, oil from shale rock,tar sands and such. We keep finding more of it. It'd be nice if we were able to USE more of it in the US. They...